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Farooq

Archive by Category "Budget"

HomeArchive by Category "Budget"

Nigeria’s 2016 budget assumes oil production of 2.2 million barrels per day at $38 a barrel, confirmed by the budget minister, Udoma Udo Udoma said on Friday, shortly after President Muhammadu Buhari signed the delayed bill into law. Senator Udoma made the comments while briefing State House correspondents.  

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By Felix Onuah Nigeria’s President Muhammadu Buhari signed the delayed 2016 budget into law on Friday, a Reuters witness said, ending wrangling with lawmakers that had lasted for weeks. The record 6.06 trillion naira ($30.6 billion) budget triples capital expenditure in Africa’s top oil exporter from 2015 and aims to stimulate an economy hit hard […]

By Adamu Abuh Indications emerged yesterday that the National Assembly has re-presented a newly repackaged 2016 Appropriation Bill to President Muhammadu Buhari. It was gathered that the Deputy Speaker of the House of Representatives, Mr. Sulaimon Yusuf Lasun submitted the repackaged budget to the two Presidential liaison officers to the president: Suleiman Kawu Sumaila of […]

President of the Senate, Dr Bukola Saraki, says all the grey areas in the 2016 Budget have been resolved. Saraki said this on Tuesday night while speaking with State House correspondents after a closed-door meeting with President Muhammadu Buhari in Abuja. Buhari met with the leadership and principal officers of the National Assembly, as part […]

By Emele Onu Muhammadu Buhari has yet to sign 2016 budget into law. Lawmakers passed a version of the spending plan last month. Nigerian President Muhammadu Buhari will meet leaders of Parliament on Friday to negotiate a delayed 2016 budget after he said lawmakers had made changes to the original spending plan he presented in […]

Nigeria’s President Muhammadu Buhari needs more time to check the 2016 budget bill before signing it, a government minister said on Wednesday, signaling further delays before the legislation takes effect. The budget for Africa’s top oil producer has been held up for months as Buhari had to withdraw his original bill, which set spending at […]

A lot have been made of President Buhari’s trip to China. Politicians from both major parties have either praised the achievements of the president while his opponents are focusing their criticisms on the weakness of the deal. We will dissect both of those at a later date but let’s separate fact from fiction and highlight […]